The median sales price of a home in Bend was up for the third month in a row, from $754,000 in May to $775,000 in June. Representing a 3% increase month-to-month, and an 11% increase since the beginning of this year, the median sales price is just below the all-time high of $779,950 in July of 2023.
Home sales were up 13% last month, from 130 sales in May to 147 in June. Meanwhile, pending sales were down 12%, from 171 in May to 151 last month. The average length of time it takes to sell a home in Bend was down 26%, from 38 days in May to 28 days in June. By comparison, the average days on market was only 13 in June 2023.
There were 13% fewer new listings last month, from 262 in May to 228 in June. New listings of Bend homes were down year-over-year also, from 251 in June 2023.
The number of active listings is up month-to-month and year-over-year. There were 413 active listings of Bend homes last month, up 8% from May and up 32% from June 2023. Currently, there is 2.8-months’ worth of inventory of homes for sale in Bend.
With the highest number of active listings since September 2022, it’s an increasingly competitive market for sellers, but there is still buyer demand for homes at every price point in Bend. With a combination of carefully-analyzed market trend data and long-time knowledge of the Central Oregon real estate market, our team strives to help sellers have as smooth and low-stress listing experience as possible. Please reach out to us if you’d like to chat!
—Jason
Median Sales Price
- At $775,000, the median sales price of a home in Bend is just below the all-time high of $779,950 (in July 2023).
- Month-to-month, the median sales price is up 3% from $754,900 in May.
- In June 2023, the median sales price was $770,194.
New Listings
- There were 228 new listings in Bend last month, down 13% from 262 in May.
- Year-over-year, new listings in June were down 9%.
Home Sold and Pending Sales
- Home sales were up 13% in June, from 130 in May to 147 last month.
- Pending sales were down 12% month-to-month, from 171 in May to 151 in June.
- Year-over-year, home sales were down 18% and pending sales were down 17%.
- In June 2023, 180 Bend homes sold and 182 were pending.
Active Listings and Months of Inventory
- Active listings in Bend were up 8% last month, from 382 in May to 413 in June.
- Last year, there were 32% fewer active listings in June 2023, when there were 312 homes on the market in Bend.
- There is 2.8-months’ worth of inventory in Bend, up 65% year-over-year.
Days on Market and Price Reductions
- Bend homes sold in an average of 28 days last month, 26% faster than in May when the average days on market was 38.
- In June 2023, the average days on market was 13.
- Over the last six weeks, there were an average of 52 price reductions each week on homes for sale in Bend.
